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BHBBearishEarningsnews
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Bar Harbor Bankshares (BHB) Tops Q1 Earnings Estimates

Apr 18, 2024, 6:46 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Bar Harbor Bankshares (BHB) beat earnings estimates with $0.66 per share, compared to $0.65 last year. - Company's revenue is down, missing estimates by 1.24%, but beat revenue estimates three times prior. - Stock price has decreased by 19.2% this year, underperforming the S&P 500. - Earnings outlook for BHB is favorable, with a Zacks Rank #2 (Buy). - Industry outlook also plays a role in stock performance, with Banks - Northeast ranking in the bottom 42%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Bar Harbor Bankshares (BHB) beat earnings estimates with $0.66 per share, compared to $0.65 last year.
  • Company's revenue is down, missing estimates by 1.24%, but beat revenue estimates three times prior.
  • Stock price has decreased by 19.2% this year, underperforming the S&P 500.
  • Earnings outlook for BHB is favorable, with a Zacks Rank #2 (Buy).
  • Industry outlook also plays a role in stock performance, with Banks - Northeast ranking in the bottom 42%.

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